BMO Capital Believes TTWO Won’t Stop Here

By Carrie Williams

BMO Capital analyst Gerrick Johnson reiterated a Buy rating on Take-Two (NASDAQ: TTWO) yesterday and set a price target of $56. The company’s shares closed yesterday at $48.03, close to its 52-week high of $50.19.

According to TipRanks.com, Johnson is a 4-star analyst with an average return of 6.2% and a 53.6% success rate. Johnson covers the Consumer Goods sector, focusing on stocks such as Brunswick Corporation, Winnebago Industries, and Arctic Cat Inc.

Take-Two has an analyst consensus of Strong Buy, with a price target consensus of $52.45.

The company has a one year high of $50.19 and a one year low of $31.36. Currently, Take-Two has an average volume of 1.9M.

Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Lainie Goldstein, the CFO of TTWO sold 56,167 shares for a total of $2,794,870.

Take-Two Interactive Software, Inc. is a developer, marketer and publisher of interactive entertainment for consumers around the globe. The company develops and publishes products through its two wholly-owned labels Rockstar Games and 2K. Its products are designed for console systems, handheld gaming systems and personal computers, including smart phones and tablets and are delivered through physical retail, digital download, online platforms and cloud streaming services. Take-Two Interactive Software was founded by Ryan A. Brant in 1993 and is headquartered in New York, NY.